MARA (NASDAQ:MARA) Stock Gets Price Target Cut from Rosenblatt Securities

MARA (NASDAQ:MARA) had its price target decreased by Rosenblatt Securities from $15.00 to $11.00 in a research report released on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the business services provider’s stock.

MARA has been the topic of several other research reports. JPMorgan Chase & Co. lowered shares of MARA from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $13.00 to $11.00 in a research report on Monday, September 14th. HC Wainwright started coverage on MARA in a report on Friday, September 11th. They issued a “buy” rating and a $20.00 price target on the stock. Cantor Fitzgerald cut their price objective on MARA from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Weiss Ratings lowered MARA from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $11.00 price objective (down from $13.00) on shares of MARA in a research note on Tuesday, October 20th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

MARA Trading Down 6.0%

Shares of MARA opened at $7.20 on Tuesday. The firm’s 50 day moving average is $9.61 and its 200-day moving average is $10.62. The company has a quick ratio of 0.89, a current ratio of 2.31 and a debt-to-equity ratio of 1.13. MARA has a 12-month low of $5.69 and a 12-month high of $16.43.

MARA (NASDAQ:MARA) last released its earnings results on Monday, November 9th. The business services provider reported $1.28 EPS for the quarter, beating the consensus estimate of ($0.39) by $1.67. MARA had a negative net margin of 411.23% and a negative return on equity of 37.75%. The business had revenue of $164.23 million during the quarter, compared to analyst estimates of $183.24 million. On average, sell-side analysts anticipate that MARA will post -0.93 earnings per share for the current year.

Insider Buying and Selling at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $6.79, for a total value of $186,758.95. Following the transaction, the chief executive officer directly owned 4,149,585 shares of the company’s stock, valued at $28,175,682.15. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 8,376 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $12.00, for a total transaction of $100,512.00. Following the sale, the general counsel owned 898,780 shares in the company, valued at $10,785,360. This represents a 0.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 134,396 shares of company stock valued at $1,311,490. 0.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MARA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MARA. Private Advisor Group LLC boosted its stake in shares of MARA by 19.0% during the 3rd quarter. Private Advisor Group LLC now owns 42,009 shares of the business services provider’s stock worth $476,000 after acquiring an additional 6,699 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of MARA by 12.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,033,777 shares of the business services provider’s stock valued at $23,043,000 after acquiring an additional 219,097 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of MARA in the 3rd quarter valued at approximately $4,679,000. Western Wealth Management LLC raised its stake in shares of MARA by 7.2% in the 3rd quarter. Western Wealth Management LLC now owns 28,383 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new position in shares of MARA in the 3rd quarter valued at approximately $162,000. Institutional investors and hedge funds own 44.53% of the company’s stock.

Recent MARA Headlines

Here are a few of the latest headlines about MARA:

• Positive Sentiment: MARA reported $632.1 million in Q3 net income, largely from digital-asset gains, and said it reduced debt by 37%. The company sold about $1.1 billion of bitcoin, repaid bitcoin-backed loans and authorized a $500 million share repurchase, a move that could support shares and reduce balance-sheet risk. MARA Q3 earnings call highlights
• Neutral Sentiment: Recent buying has been linked to the buyback, while MARA’s potential AI/HPC leasing business remains a longer-term catalyst. However, reported commentary suggests some leases could be delayed into next year, making the timing of that revenue uncertain. Buyback and AI lease timing
• Negative Sentiment: Q3 revenue fell 35% year over year, and MARA missed Needham’s revenue and EBITDA forecasts. JPMorgan cut its price target to $9 and assigned an Underweight rating; other analysts have also trimmed estimates, underscoring concerns about core mining performance. Needham cuts estimates

MARA Company Profile

MARA Holdings, Inc., formerly known as Marathon Digital Holdings, is a digital energy and infrastructure company focused primarily on Bitcoin mining. It develops and operates data-center infrastructure and specialized computing systems used to validate transactions on the Bitcoin network and earn bitcoin rewards. The company also works on energy-related strategies to support its computing operations, including using energy sources and infrastructure that can help power data centers. Its operations are concentrated in the United States, with expansion into international markets.